"The 2012 Olympic and Paralympic Games will no doubt have had a positive influence on
occupancy rates with teams, staff and spectators staying in the city.
Another sign that the industry is recovering is in the slow, but steady, growth of
occupancy rates. During the first quarter of this year, median
occupancy rates held steady for assisted living at 88 percent, after an increase from 87 percent during the third quarter of 2004.
Most skilled nursing operators will probably not be surprised by recent national data showing that the sector's
occupancy rates have been recovering over the past year.
The highest
occupancy rate was 52.34% in 1995, down to 48.38% in 1997 after the addition of more hotel rooms.
In west Little Rock, the Koger Office Park, with 330,700 SF, enjoyed some of the highest
occupancy rates despite being the most expensive.
Meanwhile, "Alexandria's hotels'
occupancy rate hiked by 11% in FY 2018, with expectations to grow by 3% in FY 2019," Colliers added.
Kuwait's Al Rai Daily has reported that hotel
occupancy rates during the new year period in the country have witnessed new highs.
The 170-room hotel in northeastern Seoul had an
occupancy rate between 70 percent and 80 percent according to the hotel, and less than 70 percent according to its competitors.
Passenger
occupancy rate on Khasab-Shinas route reached 43 percent.
"This Eid was amazing and a very successful one as all hotels were packed with a 90pc
occupancy rate on average," said Five-Star Hotels Society chairman Abdulnabi Al Daylami.
Summary: The average
occupancy rate at Beirut hotels stood at 56.1 percent during the 1996-2014 period.
PwC's "South African Hospitality Outlook: 2014-2018" projects that the overall
occupancy rate across the sectors will rise to an estimated 58.4% by 2018, with room revenue expected to reach R28.7-billion, a 10.7% compound annual increase over 2013.
